JPMorgan Chase (JPM) Q1 2024 Results

JPMorgan ChasIt plans to report first-quarter results before the opening bell on Friday.

Here’s what Wall Street expects:

• Merits: According to LSEG, $4.11 per share
• Revenue: According to LSEG, $41.85 billion
• Net interest income: According to StreetAccount, $23.18 billion
• Trading revenue: According to StreetAccount, fixed income securities totaled $5.19 billion and equities totaled $2.57 billion

JPMorgan will probably be closely watched for clues on how banks fared earlier within the 12 months.

While the most important U.S. bank by assets has managed the rate of interest environment well for the reason that Federal Reserve began raising rates of interest two years ago, smaller competitors have suffered profit losses.

The industry was forced to pay up for deposits as customers shifted money into higher-yielding instruments, putting pressure on margins. Concern can also be growing about rising losses on industrial loans, particularly on office buildings and apartment buildings, in addition to higher levels of bank card delinquencies.

Still, the massive banks are expected to outperform the smaller ones this quarter, and expectations are high for JPMorgan. Analysts expect the bank may raise its 2024 net interest income forecast because the Federal Reserve is forced to take care of rate of interest levels amid stubborn inflation data.

Analysts can even need to know what CEO Jamie Dimon has to say in regards to the economy and the industry’s efforts to fight back against efforts to cap bank card and overdraft fees.

According to Dealogic, Wall Street could get some help this quarter as investment banking fees for the industry rose 11% in comparison with last 12 months.

JPMorgan shares have risen 15% this 12 months, outpacing the KBW Bank Index’s 3.9% gain.

Wells Fargo And Citigroup are expected to release the outcomes afterward Friday Goldman Sachs, Bank of America And Morgan Stanley report next week.

This story is developing. Please check back for updates.